AVOYELLES TRUST & SAVINGS BANK Failed 1988

BUNKIE, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

AVOYELLES TRUST & SAVINGS BANK of BUNKIE, LA was closed on 1988-11-10. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BUNKIE BANK&TRUST CO (BUNKIE, LA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1977
FDIC Certificate
11783
FDIC FIN
2931
Bank name
AVOYELLES TRUST & SAVINGS BANK
Location
BUNKIE, LA
Failure date
1988-11-10
FDIC resolution date
1988-11-10
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$9M
Deposits at failure
$30M
Assets at failure
$27M
Acquiring bank
BUNKIE BANK&TRUST CO (BUNKIE, LA)